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Am I qualify exempt?

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  • Am I qualify exempt?

    1. I sponsored my parents to come this year who are 62 and 63 years old now. I am making $5800 per month, and the bronze plan from Marketplace is $680/month for "BOTH of them". Am I qualify the Obamacare exemption since excess 8% of my income?
    2. it is $340/month for each of my parent, they both will be the dependence in my tax return. Will IRS consider only one parent monthly payment $340 instead of both parents $680 for exceed 8% income? Because if they only count one parent, $340 is lower than 8% of my income.

    Thank you.

  • #2
    I recommend that you discuss these matters with your CPA.
    Immihelp Support
    No legal advice. Use at your own risk.

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